The Week

Las Vegas Sands (LVS) ended the week down 3.47% at $42.83, underperforming the S&P 500 by around 2.67 percentage points. Trading was heavier than usual, averaging about 5.98 million shares a day, roughly 30% above the recent median. The stock opened Tuesday at $44.28, slipped through Thursday to an intraday low of $42.11, then stabilised on Friday in a narrow $42.50–$43.10 band. The pullback came without any major company-specific catalyst, tracking the broader market lower.

Analyst Ratings

Among 21 brokers covering the stock, 11 rate it a buy, 3 rate it overweight, and 7 rate it hold; none rate it underweight or sell. The consensus rating is buy, with a consensus target of $59.07, about 37.9% above the latest price. Targets range from $47.00 to $71.50, pointing to wide disagreement. LVS ranks fifth out of 29 names in the casino and gaming industry.

The Week Ahead

Macau’s gaming recovery will be worth watching after Goldman Sachs said daily gross gaming revenue has rebounded above MOP700 million and expects operators to recover in the fourth quarter. Macro data next week includes the New York Fed manufacturing index on 15 September, with a prior reading of 20.6 and a forecast of 14.75. On 16 September, US retail sales, retail sales excluding autos, and the NAHB housing market index are scheduled; retail sales ex-autos is forecast to improve from -0.3 to 0.6.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.